Topic Thread

Business brokerage account

1. Business brokerage account

I have a client who is an S Corp. The only assets were a building/land and a business brokerage account. The building was sold this year and the company will be liquidated in the same year. The client wants to keep the brokerage account. Is there an alternative such as setting up a new corporation and transferring the brokerage account someway? Or must he close it out and transfer into his own name personally?